LR a lot ppl dump it 0.01, u bought at this price? This one 50/ 50 , if buka besar, then u double ur $, if not, will loss till q 0.005 also no ppl wanna buy
News shows good business fundamental and good customer contract. Long term maybe worth 2.00. Short term chart is bullish. If today can break 0.80, chart TP 0.90 anytime soon. If break will test 1.10. Believe 50/50? Just looking to make enough for small bola beers.
Chart is interesting. Brokers still happy short selling. When bola kick up 0.90 all will rush to buy back until no stock. If bola below 0.80 they can still try to short and buy back. Kick or no kick? Anyone watching the ball?
If compare to L&G-LA experience, Ire-LA conversion price is 1LA+52c means if iretex price 80c, LA = 28c. If iretex price 90c, LA = 38c. If pretex price 1.00, LA = 48c, almost same as L&G-LA? If true, this is fortune teller - missed L&G-LA, go for Ire-LA!!!
IRETEX is on the uptrend, will it go up higher again tomorrow onwards? Highest price done on Friday was 80.0 sen, so it's very likely to continue the uptrend.
IF LA trades at 5% discount, it will be 20.5 sen, and WA at gearing of 3, then it is 25.6 sen, wonderful! But most likely both of them will be traded at higher price judging from the momentum of the mother share.
The fair price of LA should be 76-52.5 = 23.5 sens.. whereas the warrant carries an exercise price of 80 sens , yet it is trading ay 16 sens... Cost to the holder if want to cover to mother share would be 96 sens..... sell warrant if you have and buy LA
The value trap is specially designed to attract you....Boss will be happy if you converted so by paying cash RM0.525 fro every LA you hold, but they wouldn't say thank you ....
the question is after convertion...if mother price still maintain...then earn big money. if mother price continue droping lower than 0.60...will losing money. please correct me if i'm wrong...i not familiar with it.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ethanyong
2,121 posts
Posted by ethanyong > 2014-03-20 16:24 | Report Abuse
board room like moving to mq tech.